Armaments Corporation of South Africa, Limited Act, 2003 (Act No. 51 of 2003)Chapter 2 : Board of Directors and Employees of Corporation9. Meetings of Board and decisions |
| (1) | The chairperson of the Board must determine the time when and place where meetings of the Board will take place. |
| (2) | The chairperson of the Board presides at meetings of the Board at which he or she is present. |
| (3) | If the chairperson of the Board is absent or unable to perform his or her functions as chairperson, the deputy chairperson must act as chairperson, and while he or she so acts he or she has all the powers and must perform all the duties of the chairperson. |
| (4) | If both the chairperson and deputy chairperson are absent from a meeting of the Board, the non-executive members present must elect a non-executive member to act as chairperson at that meeting, and while he or she so acts he or she has all the powers and must perform all the duties of the chairperson. |
| (5) | The quorum for any meeting of the Board is the majority of the members in office at the time. |
| (6) | The decision of the majority of members present at a duly constituted meeting is the decision of the Board and in the event of an equality of votes the person presiding at the meeting has a casting vote in addition to his or her deliberative vote. |
| (7) | No decision of the Board or act performed under the authority of the Board is invalid merely by reason of a vacancy on the Board, or by reason of the fact that any person who was not entitled to sit as a member sat as a member when the decision was taken or the act was authorised, if the decision was taken or act was authorised by the required majority of members present at the time and entitled to sit as members. |